Cross Cultural Management Research

6745 WordsOct 19, 201127 Pages
Introduction Management in any corporation requires a strong management plan and involves diversity or one type or another. Organizations that become multinational corporations have an even greater challenge. These multinational corporations have to take into consideration factors such national cultures and subcultures, religious beliefs and traditions, labor laws, and local regulation. These are only a minute number of diversity issues a multinational corporation will face. This paper will highlight several multinational corporations such as Exxon, Wells Fargo, Citi, Bank of America and Hewlett Packard and how they have created strong international management plans to overcome the numerous hurdles involved in cross cultural management to…show more content…
Politics can play a part in the success of the new multinational company. Lastly, the company must be aware of the countries legal systems. Depending on the countries legal system, court cases can take five years to get through the legal system (Hodgetts, Luthans & Doh, 2005). When a company has so many cultures working together, the company must be aggressive in creating a management plan that will encourage and build togetherness among all employees. Recognizing and understanding cultural differences allows management to create a strategic plan that will satisfy its employees. Culture affects day to day activities in the business world and “perhaps most important, culture affects how people think and behave,” which means Riordan must research and take the necessary steps to develop practices that will allow employees to embrace and accept multiculturalism, (Hodges, Luthans, & Doh, 2005, p. 94). To be a successful company internationally, management must adapt to the environment in which it opens the doors of its business, and management should have an attitude where stereotypes and generalizations are avoided, (Hodges, Luthans, & Doh, 2005, p. 92). Although there will be challenges when a company is globalizing, opportunities are more readily available because investments and global trade grows, which brings wealth and jobs to many places around the globe. Understanding and respecting different cultures along
Open Document